MCQ Questions
Q.1.
Building equity in a home is a good thing because
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    influencing consumer tastesincreasing product awarenesspromoting company branding
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    equity in a home increases the homeowner's net worth
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    used cars are more likely to need repairs
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    requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
Q.2.
Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply.
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    influencing consumer tastesincreasing product awarenesspromoting company branding
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    requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
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    There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
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    Will I use it more than the allowed lease mileage?How long do I want the car?How much do I want to spend?
Q.3.
What is the purpose of comparison shopping?
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    equity in a home increases the homeowner's net worth
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    attempting to find the best deal on a product
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    influencing consumer tastesincreasing product awarenesspromoting company branding
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    when the consumer buys more than is needed
Q.4.
Why might people choose to rent a home rather than buy a home?
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    used cars are more likely to need repairs
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    They may be relocated for a job.
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    when the consumer buys more than is needed
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    advertising nationally
Q.5.
Which strategy best helps a famous brand company reach consumers?
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    There are mileage restrictions on the car.You must return the car after the lease ends.There are penalties for ending the lease early.
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    requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
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    They may be relocated for a job.
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    advertising nationally
Q.6.
Read the scenario.Raoul has just been promoted to a supervisor's position, which is a steady job. He likes to enjoy life, take vacations, and change things up every now and then. That's why he will not have a lot of extra money to spend on repairs and maintenance on his car.Based on this scenario, Raoul should
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    decreases
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    never changes
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    advertising nationally
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    lease a new car
Q.7.
The most economical way to purchase large items, such as furniture, is to buy with ___
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    decreases
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    benefit.
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    used cars are more likely to need repairs
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    cash
Q.8.
At what point does buying in bulk stop being a wise spending choice?
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    used cars are more likely to need repairs
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    requires a credit checkincludes interest rate informationrequires a signature for rent-to-own agreements
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    They may be relocated for a job.
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    when the consumer buys more than is needed
Q.9.
The point at which it is no longer advantageous to buy in bulk is known as marginal
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    decreases
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    benefit.
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    when the consumer buys more than is needed
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    cash
Q.10.
A monthly fixed rate mortgage payment
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    lease a new car
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    decreases
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    never changes
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    advertising nationally
Q.11.
a legal agreement in which a person borrows money for the purchase of a home
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    What is the purpose of comparison shopping?
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    mortgage
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    installment
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    lease
Q.12.
the monetary value of a property or business
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    Building equity in a home is a good thing because....
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    comparison
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    finance
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    equity
Q.13.
a payment is a series that is made over a long period of time
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    comparison
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    finance
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    installment
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    Which statements apply to financing contracts?
Q.14.
when the consumer buys more than is needed
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    Which strategy best helps a company seem more popular with consumers?
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    It costs less to purchase a used car than a new car because....
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    At what point does buying in bulk stop being a wise spending choice?
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    Why might people choose to rent a home rather than buy a home?
Q.15.
celebrity endorsement
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    For which product(s) would it be most beneficial to wait before buying?
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    Which statements apply to financing contracts?
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    Why might people choose to rent a home rather than buy a home?
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    Which strategy best helps a company seem more popular with consumers?
Q.16.
an examination of how things are the same or different
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    finance
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    comparison
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    equity
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    installment
Q.17.
to buy something on credit
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    finance
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    equity
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    comparison
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    installment
Q.18.
smartphone
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    Why might people choose to rent a home rather than buy a home?
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    For which product(s) would it be most beneficial to wait before buying?
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    Which strategy best helps a company seem more popular with consumers?
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    At what point does buying in bulk stop being a wise spending choice?
Q.19.
....used cars are more likely to need repairs.
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    It costs less to purchase a used car than a new car because....
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    At what point does buying in bulk stop being a wise spending choice?
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    Building equity in a home is a good thing because....
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    Why might people choose to rent a home rather than buy a home?
Q.20.
....equity in a home increases the homeowner's assets.
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    Which statements apply to financing contracts?
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    It costs less to purchase a used car than a new car because....
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    At what point does buying in bulk stop being a wise spending choice?
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    Building equity in a home is a good thing because....